GOLD, DOLLAR DROP: Gold prices and the dollar fell as investors jumped back into riskier assets like stocks after European leaders created a $1 trillion rescue fund for nations like Greece who are struggling with debt. Other metals gained.
Gold prices were rising Tuesday on U.S. dollar weakness.
Gold prices continue their inverse correlation to the U.S. dollar as trading resumed in full force Monday
July 14 (Bloomberg) — Gold rose as higher oil prices and a weaker dollar increased demand for bullion as an alternative investment and a hedge against rising consumer prices. Silver also advanced.
Source:Gold Rises as Oil Gain, Dollar Drop Helps Demand; Silver Climbs (Bloomberg)